Financial news on May 17, 2014
Business and Financial news
Solid performance in Europe helped the fashion group increase full-year revenue to a record 2.19 billion euros, against 2.09 billion euros in 2012. Read more..
Oh, look: Joe DiPietro’s back. Read more..
Better earnings results from retailers and demand for telecommunications shares push stock market to small gain. Read more..
Pfizer says Food and Drug Administration will allow it to apply for approval of its heavily promoted experimental breast cancer medicine based on midstage patient testing results. Read more..
Food waste is an increasingly hot-button issue, with cities, restaurants and companies adopting strategies for reducing problem; Environmental Protection Agency says Americans threw away more than 36 tons of food in 2012, about $165 billion worth of food annually; city of Austin, Tex, is building food collection program that will turn food scraps into compost as part of goal to eliminate 90 percent of waste it sends to landfills by 2040. Read more..
Ann Carrns Your Money Adviser column; A Place for Mom Inc, commercial housing referral service for older adults, now offers online, state-by-state guide to obtaining records on assisted living communities; directory ranks all 50 states and District of Columbia based on ease with which consumers can gain access to inspection reports and other documents. Read more..
English Whisky Company based in Norfolk's lush countryside some 300 miles from Scotland, is part of renaissance of local British distillers recovering and reinventing tradition lost more than century ago; spurred by surge in small-scale producers of food and drink worldwide, revival has grown slowly but steadily since first bottles went on sale 2009, with at least four active distillers of English whisky catering to rising interest. Read more..
Paul Sullivan Wealth Matters column; investing in wine is showing itself to have been smart financial move if one has been buyer of top five Bordeaux producers in France, known as premium cru, over last century; study shows that wines from Haut-Brion, Lafite-Rothschild, Latour, Margaux and Mouton-Rothschild chateaus posted annual returns from 1900 to 2012 that beat government bonds. Read more..
Controversy over firing of Jill Abramson, former executive editor of The New York Times, continues as company's chief executive Mark Thompson sends letter to senior editors in effort to further address reasons for her dismissal; Thompson reasserts paper's position that rumored compensation issues played no rule in Abramson's departure. Read more..
Alina Tugend Shortcuts column; experts say fears of losing jobs, or 'perceived job insecurity,' hangs over many workplaces, even as immediate impact of recession, including widespread buyouts and layoffs, may be fading; perception often leads to wide-ranging negative effects on workers and companies alike. Read more..